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POST » 5th November, 2019 » US October PMIs

We now have the final October purchasing managers indices for October and the data paints something of a mixed picture.  That could be seen as slightly encouraging given our concerns that the economic soft spot was turning into something more damaging.

UK activity data for May somewhat better than expected, but this is largely due to volatility as industry juggled with the initial March Brexit data and resulting slide in production in April, notably the pre-planned auto sector shutdowns.  The underlying picture is still one of weakening activity

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